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Stock impact report

DoorDash's CEO says he's got an edge on Amazon in groceries [Business Insider]

Maplebear Inc. (CART) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4715924
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in DoorDash has a key advantage over Amazon in grocery delivery, CEO Tony Xu said Wednesday. The delivery service offers a wider variety owing to its myriad partnerships with grocers, Xu said. Amazon is ramping up its grocery delivery, creating more competition for DoorDash and Instacart. DoorDash CEO Tony Xu says that his company's grocery offering has a key advantage over Amazon: choice. Amazon is doubling down on grocery delivery , especially perishables like produce and ice cream. The retail and tech giant said last month that it's expanding same- and next-day grocery delivery to more parts of the US this year, adding to the thousands of towns and cities it already serves — news that sent shares of Instacart and DoorDash tumbling at the time. DoorDash, though, has something that shoppers want and that Amazon isn't replicating, Xu said on Show less Read more
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